Eden Energy Discoveries Ltd. (TASE:EDN), Yaakov Luxembourg, Avraham Nanikashvilli, Jackie Ben-Zaken along with other investors acquired an additional 21.5% stake in Shemen Oil And Gas Resources Ltd (TASE:SOG) from Chaim Lebovitz for ILS 76.6 million on October 18, 2012. Yaakov Luxembourg increased his stake in Shemen Oil from 2% to 4%. Avraham Nanikashvilli and Jackie Ben-Zaken bought additional 4.97% of Shemen Oil for ILS 20 million and Eden Energy Discoveries bought 5.03% of Shemen Oil for ILS 22 million.


Eden Energy Discoveries Ltd. (TASE:EDN), Yaakov Luxembourg, Avraham Nanikashvilli, Jackie Ben-Zaken along with other investors completed the acquisition of an additional 21.5% stake in Shemen Oil And Gas Resources Ltd (TASE:SOG) from Chaim Lebovitz on October 18, 2012.